TRW Automotive Holdings Earnings: Here’s Why the Stock is Rising Now
TRW Automotive Holdings Corp. (NYSE:TRW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2%.
TRW Automotive Holdings Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $1.55 in the quarter versus EPS of $1.84 in the year-earlier quarter.
Revenue: Rose 1.15% to $4.03 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: TRW Automotive Holdings Corp. reported adjusted EPS income of $1.55 per share. By that measure, the company beat the mean analyst estimate of $1.33. It beat the average revenue estimate of $3.89 billion.
Quoting Management: “2012 was a successful year for TRW as the Company delivered solid financial performance, as evidenced by our fourth quarter and full year results reported today. We also continued to execute our significant growth strategy and initiated a $1 billion share repurchase program,” said John C. Plant, Chairman and Chief Executive Officer. “TRW’s success and ability to build on its positive momentum, despite the challenges the automotive industry faced in Europe during the year, demonstrate the Company’s resilience and strong market position.”
Key Stats (on next page)…